Is Economics a Pseudo-Science? (user search)
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  Is Economics a Pseudo-Science? (search mode)
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Question: Is Economics a Pseudo-Science?
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Author Topic: Is Economics a Pseudo-Science?  (Read 6335 times)
Storebought
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« on: October 02, 2007, 11:06:48 PM »
It depends on the version of economics espoused.

Classical/Keynesian economics are scientific, and so is Monetarism, since they all draw conclusions, which can be described mathematically, only from observations of transactions of actual human beings.

Neither Marxism and Austrian School "economics" are scientific, since they both depend on deductive reasoning from arbitrarily defined premises, the utter antithesis of a science.
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Storebought
YaBB God
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« Reply #1 on: October 02, 2007, 11:19:08 PM »
Quote from: Yak's Hairbrush on October 01, 2007, 05:15:41 PM
Just another example of how everything you learn as an undergraduate is a lie--if it wasn't then we wouldn't need graduate school.

Ain't that the truth.

The whole of chemistry is complete junk until you reach at least the junior year of college
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